2014-06-16T19:05:39-07:00 2012-07-31 990 2011-08-01 750800657 Lon Morris College LONM 2142697850 1700 Commerce Street Suite 810 Dallas TX 75201 Dawn Ragan 2142697850 2014-06-15 2011 2016-03-07 17:11:31Z X Dawn Ragan 1700 Commerce Street Suite 810 Dallas TX 75201 13573747 0 X X 501c3 Religious School 1900 TX College Educational Activities 5 5 188 0 0 0 6064845 2641893 16021608 9877351 1380343 1054503 -7193 0 23459603 13573747 0 0 0 0 5757934 4020079 0 0 0 18425217 10901581 24183151 14921660 -723548 -1347913 36011260 29850680 20934214 16121547 15077046 13729133 X College Educational Activities. 0 1 11224929 0 College Educational Activities 0 0 0 11224929 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 188 1 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 1 1 0 X Dawn Ragan 2142697850 1700 Commerce Street Suite 810 Dallas TX 75201 Trustees of the Board 1 X 0 0 0 Miles McCall 40 X 153378 0 0 153378 0 0 1 1 1 0 0 2773032 -131139 2641893 College Educational Activities 900099 6503913 6503913 0 0 Auxiliary Enterprises 900099 3373438 3373438 0 0 0 0 0 0 9877351 752681 752681 0 0 96925 204897 0 0 96925 204897 301822 0 0 301822 0 13573747 10630032 0 301822 3562735 2208345 1354390 177304 106382 70922 280040 168024 112016 4529 4529 38282 38282 487082 487082 3142 3142 30188 20635 9553 61643 61643 709186 425512 283674 77216 70905 6311 797240 797240 733333 440000 293333 142387 142387 Contract Labor 56096 56096 0 0 Dues & Subscriptions 71215 38997 32218 0 Supplies 806771 789722 17049 0 Scholarship & Fellowship 6481745 6481745 0 0 401526 273037 128489 14921660 11224929 3696731 0 35846 226660 330000 330000 212575 447338 71653 71653 37116 89262 36251183 13824248 23004385 22426935 12251868 6191015 67817 67817 36011260 29850680 2169063 2421621 18588153 13613309 40231 20990 136767 65627 20934214 16121547 X -3883402 0 2121000 13729133 16839448 0 15077046 13729133 36011260 29850680 -1347913 X 0 0 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12251868 5550 403607 0 6470010 0 6191015 11921551 44583 1157677 0 871943 0 12251868 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 991528 991528 0 25654049 13824248 11829801 0 1073845 0 1073845 0 7442366 0 7442366 0 1089395 0 1089395 22426935 Investments and Endowment Funds 6191015 F 6191015 Checks written in excess of cash balance 65627 65627 SchD_P05_S00_L04 Schedule D, Part V, Line 4 Endowment funds are used for scholarships, capital assets, and other purposes as designated by the donor and Board policies. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 Nondiscrimination policy is included in college brochures and application for admission forms. SchE_P01_S00_L06 Schedule E, Part I, Line 6 Students attending Lon Morris are eligible to use federal aid to pay for tuition and related charges. X X X 0 0 0 0 0 0 0 0 0 Miles McCall 153378 0 0 0 0 0 0 0 0 0 153378 0 0 0 Trustees of the Board 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SchJ_P01_S00_L03 Schedule J, Part I, Line 3 Compensation for President and certain other positions is reviewed and approved by a compensation committee of the Board. F990_P03_S00_L03 Form 990, Part III, Line 3 Lon Morris College ran out of money in early 2012. Faculty, staff and employees were furloughed in, or before, May 2012. The Spring 2012 semester was the last full academic period at the college, though there were minimal on-line courses completed in the Summer of 2012. The College filed bankruptcy in July 2012, and did not reopen for the Fall 2012 semester (academic year 2012 - 2013). The College was subsequently closed and sold. F990_P06_S0A_L03 Form 990, Part VI, Section A, Line 3 Most members of the Board of Trustees resigned in conjunction with the bankruptcy filing. A restructuring committee of the board was established and a Chief Restructuring Officer was put in place to manage the affairs of the College. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b At the time of preparation and filing of the tax return, all employees had been previously terminated and records stored; the board had been dissolved; certain detailed information (e.g. payroll records and returns) was unavailable. The return was prepared by a staff person and reviewed by the Plan Agent & Liquidating Trustee for filing. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Compensation of the President and certain other positions was reviewed and approved by the Compensation Committee of the Board. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Information is made available as required upon request. College was shuttered and all employees terminated. Prior accounting firm resigned due to unpaid amounts and litigation matters. Records were stored. Return prepared and filed by current Plan Agent & Liquidating Trustee.